If we see the eth network fee then everyone know that it is very high fee. Thats why BNB network so smoothly. I think BNB team keep the momentum & popularity like now. Good luck

Ethereum is the unquestionable king of the hill when it comes to smart contracts right now. In every metric and every regard, Ethereum is totally dominating when it comes to attracting demand for decentralized apps, or dapps, at the moment.

Considering the Ethereum ecosystem’s extensive organic activity lately, this dominance is set to continue for the foreseeable future. Yet this major demand has led to an acute spike in ETH gas prices, i.e. the fee paid for Ethereum transactions, a reality that’s boxed out many people from partaking in the Ethereum network lately.

Enter Binance Smart Chain (BSC). It’s a modified Ethereum fork and is thus compatible with the Ethereum Virtual Machine (EVM), meaning it can easily port over Ethereum apps and users. And we’ve been seeing more of these migrations lately as some apps have been trying to win over users with cheaper transaction fees.

A non-trivial portion of this BSC activity has seemed spoofed recently, but there’s no question that Binance’s in-house smart contract platform has also been attracting unprecedented interest in this current crypto bull run amid the backdrop of acutely high ETH fees.

All this said, let’s dive into what BSC is and what it can do so we can get a realistic idea of how to accurately consider it within the cryptoeconomy’s present conditions.


What is Binance Smart Chain (BSC)
Binance Smart Chain is Binance’s smart contract platform for decentralized apps (dapps).

Specifically, the network uses a modified version of proof-of-stake (PoS) consensus known as a proof-of-staked-authority (PoSA) algorithm. Simply put, this means BSC is centered upon 21 validators who stake BNB in order to validate the BSC network.

As such, this may be a layer-one (L1) smart contract platform, but it’s also extremely centralized with 21 validators compared to the 1,000s of validators that Eth2 will have. This small set of validators, vetted by Binance, makes it easier for the crypto exchange giant to exert direct control over the network.

Another central aspect of BSC is that it’s compatible with Ethereum’s EVM, which lets BSC developers to easily migrate over popular Ethereum dapps and solutions via loosely-modified forks. This is why the vast majority of dapps on BSC today are essentially direct copies of Ethereum dapps, like how PancakeSwap was forked from Uniswap and Sushiswap.

More info. https://defiprime.com/binance-smart-chain#:~:text=Enter%20Binance%20Smart%20Chain%20(BSC,over%20Ethereum%20apps%20and%20users.

Though many of the analyst are arguing that EIP1559 won't be able to solve the current auction based gas price system for longer period of time. But lets see what will be actually happened after completing london hardfork as Berlin hardfork already show results what's expected by eth devs. 

As time goes on, the demand and popularity of Binans Smart Chain is increasing. But people are moving towards Binans smart chain platform day by day. Because the facilities of Binans Smart Chain Platform are much better than other performers

This is all about money, nothing else. Now, there are so many projects which are designed this way...just to be pumped and then dumped. And then once they made the money they want, they will start making another new project, get pioneering investors and then do the same thing over and over again.

i also have coin in that platform but its just too risky in the platform its a lot of headached if your coin going down in price just like mine. my capital is not yet recovered from the loss of 50%.

There is no doubt that people agree about the potential of this coin in the future, ADA may become one of the ETH competitions in the next 5 years. I have heard many good news about this coin, including some big investors

Due to the sudden dumping of bitcoin price, the price of other coins including Ethereum has come down in this way. Now due to pumping the bitcoin price again but we can see that the price of all the coins in the market is increasing again.